There is a way out of the madness inherent in current labor-management relations in the port sector. Social Dialogue is the North Star that will guide the way.
Meeting in Asia this month with a number of carriers that participate in the project by submitting their berth productivity data to The Journal of Commerce, I’ve never seen a greater sense of urgency to find ways to get ships in and out of port faster. It’s a simple calculus: The quicker a ship leaves port, the slower the speed and less fuel is needed to get to the next port on schedule.
Take a close look. That truck with the empty cab where the driver used to sit may become reality much sooner than anyone thought even a year ago.
A local trucking company sometimes engages in interline transport with other carriers. And there are also times when it would arrange pickup from outside the state using another carrier. Does this company need brokerage authority to tender to another carrier any shipment tendered to them?
Cleaning up shipping and its emissions is a hot topic, pushing the whole industry and its regulators towards a greener future. Since January, the latest regulations require shipowners to use low-sulphur fuel oils in emission control areas or to retrofit their vessels with scrubbers or use alternative energy sources.
As an aviation and a technology enthusiast, it’s been exciting for me to follow the developments of two technology platforms that are poised to write new chapters in the book of aerial delivery. The first is the hybrid-airship, the focus of my February column whose first commercial application is expected to be the delivery of container-size cargoes to oil/gas, mining, and similar companies that operate in severely austere locations. The second technology is unmanned aerial vehicles, or drones.
The port operation challenges associated with mega-container ships, which only will grow as dozens of these ships enter service in the next few years, is a key issue pointing to the likelihood that conditions at ports will get worse before they get better.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has issued a Geographic Targeting Order aimed at Miami, Florida, electronics exporters and common carriers and calling for the reporting of cash or cash-equivalent transactions in excess of $3,000 until at least Oct. 25, 2015.
The NFL's recent controversy around the New England Patriots and a separate case involving the legality of laptop searches don't seem to have much relevance to global trade, but they share a key issue: employee privacy vs. corporate and security interests.
Importers are leaving millions of dollars on the table in what might otherwise be legally avoidable duties, simply because they’re unaware of, or unsure of, how to take advantage of a tax reduction program called the First Sale for Export rule.
Anyone who knows Jim Newsome knows he’s as competitive as they come. But the CEO of the South Carolina Ports Authority also knows that competition is healthy. So whether it’s the raising of the Bayonne Bridge to give mega-vessels access to marine terminals at the Port of New York and New Jersey or efforts to improve gate efficiency in Virginia, it’s all good for Jim.
Beneficial cargo owners are celebrating an early Christmas. Anticipating the supply-demand ratios again were trending to the demand side for the year, trans-Pacific contract rates for major BCOs barely moved, if at all. To be sure, some inland point intermodal rates bumped up, but still aren’t close to the cost levels associated with providing the services.
Today's intermodal customers seem on the verge of a similar entreaty to the Dickens character Oliver Twist: They're virtually begging for more capacity, more service and more pricing.
From transportation to communications and technology infrastructure, investments in building, maintaining and upgrading the systems that keep the U.S. economy moving are vital to long-term success. Although the United States’ physical infrastructure is impressive, it’s aging. Investing in maintenance and expansion is critical.